- Push-out Score determined
- After about six years in the position
- Praise and thanks for Reilly
- Martin Cole taking over in the interim
- Search for a successor
- Reilly said 79 words
(exechange) — Palo Alto, California, June 5, 2019 — Tom Reilly, chief executive of Cloudera, leaves — as “mutually agreed.” As announced by Cloudera Inc. in a news release on Wednesday, June 5, 2019, Thomas J. (Tom) Reilly leaves his post as Chief Executive Officer at the enterprise data cloud company after about six years in the role, effective July 31, 2019.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who departed over the past 12 months was 7.7 years, according to data compiled by exechange.
Cloudera will undertake a search for a successor.
Tom Reilly’s duties will be taken over in the interim by Martin Cole, currently Chairman of the Board of Cloudera, Inc., as interim Chief Executive Officer.
“The right time for a leadership transition”
Tom Reilly’s imminent departure from the CEO post is explained as follows. Cole said: “Tom and the Board have always been committed to continually evaluating Cloudera’s progress and ensuring that we are executing to drive long-term value. Accordingly, we have mutually agreed with Tom that this is the right time for a leadership transition.”
Precise information regarding Tom Reilly’s future plans was not immediately available.
Cloudera said: “Tom Reilly will retire as Chief Executive Officer and as a member of the Board of Directors, effective July 31, 2019.”
Share price decline
The announcement follows a decline in Cloudera, Inc.’s share price of 47 percent since October 2018.
In the position of CEO since 2013
Thomas J. Reilly has served as a member of the Company’s board of directors and as the Company’s Chief Executive Officer since June 2013.
Prior to Cloudera, Reilly served as Vice President and General Manager of Enterprise Security at Hewlett-Packard Company from November 2010 to May 2012.
From December 2006 to May 2011, Reilly served as Chief Executive Officer of ArcSight, Inc., an enterprise security company, which HP acquired in 2010.
Prior to ArcSight, from April 2004 to October 2006, Reilly was Vice President of Business Information Services for International Business Machines Corporation (IBM), a computer technology company, following its acquisition of Trigo Technologies, Inc., a product information company, where Reilly served as the Chief Executive Officer.
Reilly currently serves on the boards of directors of several private companies.
He previously served on the boards of directors of ArcSight from June 2008 to October 2010, of Eloqua, Inc. from June 2012 to February 2013, and of Jive Software, Inc. from April 2013 to June 2017.
Reilly holds a B.S. in mechanical engineering from the University of California, Berkeley.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Cloudera and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 23.2019 ($).